Calgary Real Estate Tips for Buyers & Investors (2025)

Get practical advice for buying or investing in Calgary homes, including:

✓ Current prices in Aspen Woods, Brentwood & NW Calgary
✓ How the CMHC MLI Select program works
✓ First-time buyer mistakes to avoid

Updated: January 25, 2025 | Data sources: CREB®, CMHC

STATE OF REAL ESTATE >> KEYNOTE SPEAKER ANNOUNCEMENT & EXCLUSIVE PROMO CODE

Exciting news! After headlining major events in Los Angeles, Las Vegas, and Miami, the SHIFT movement is coming to Saskatoon!We’re thrilled to announce Kathleen Black as the headlining keynote speaker at State of Real Estate 2024, proudly presented by Conexus Credit Union!Kathleen is a globally-reco

MARKET WATCH >> JUNE 2024

PRICE GROWTH CONTINUES AS NUMEROUS COMMUNITIES REPORT RECORD BENCHMARK PRICES IN JUNEJuly 4, 2024For immediate release: Saskatchewan reported 1,675 sales in June, a one percent year-over-year decrease but nearly 10 percent above long-term, 10-year averages. Sales levels improved in properties priced

Dream home or one-bedroom condo? What will $700,000 buy you in housing markets across Canada

Home prices in Calgary have been rising, making it harder and harder to obtain the dream of homeownership. The average sale price for a home in

'It’s depressing being a 40-year-old stuck at home': Why the dream of homeownership is fading for many Calgarians

By 2021, Ryan Fehr had grown tired of renting. Fehr, 40 and a single dad, had just broken up with his girlfriend. He found there was no limit on how much landlords could raise the rent in Calgary, and he yearned to put down some roots in a house, especially for his then-two-year-old son, who

Saskatoon & Region Home Builders’ Association Welcomes Andrew Wagner as New Chair

SASKATOON, SK (APR 23, 2024) — The Saskatoon & Region Home Builders’ Association (SRHBA) is excited to welcome Andrew Wagner, Founder and Director of Construction at Maison Design+Build, as the new chair of the Board of Directors. Wagner was elected at the SRHBA Annual General Meeting and will be se

SRHBA Applauds the New Federal Housing Plan Aimed at Addressing Housing Affordability and Supply

SASKATOON, SK (APR 16, 2024) — The Saskatoon & Region Home Builders’ Association (SRHBA) applauds today’s federal budget announcement for introducing the comprehensive Federal Housing Plan. This plan aims to tackle the longstanding challenges of housing affordability and supply—a critical focus of a

Unlocking the Door to Home Ownership: Announcement of 30-year Amortization Periods on New Construction Homes

SASKATOON, SK (APR 11, 2024) – Today the federal government announced 30-year amortization periods for insured mortgages that will be available for first-time buyers on new construction homes. As most of you know, this was a top ask at CHBA’s Day on the Hill this past fall, in which SRHBA Board Chai

Get Inspired at the 2024 HomeStyles Home Show

SASKATOON, SK (MAR 14, 2024) – The highly anticipated HomeStyles Home Show is back again this year, promising homeowners and home enthusiasts an immersive experience into the world of home improvement, décor, and innovation. This annual event, presented by the Saskatoon & Region Home Builders’ Assoc

Apartment rents are so high in Calgary, they're approaching Toronto numbers: CMHC

Renting a home in Calgary will likely become less available and more expensive over the next two years, Canada’s housing agency predicts. The projections come amid precipitous rent increases over the past two years that could see Calgary’s average rates approach Toronto’s current average rent b

2024 CHBA National Awards for Housing Excellence Finalists

SASKATOON, SK (MAR 14, 2024) – Out of 900 total entries over 48 categories, the Saskatoon & Region Home Builders’ Association is thrilled to see that eight of our members have been selected as finalists in several categories for the 2024 CHBA National Awards for Housing Excellence. This prestigious

Canmore recreational property prices increasing with little end in sight: real estate broker

While Canmore’s recreational real estate market has come down from its pandemic-induced buying frenzy, prices are expected to increase steadily over the coming years, a local real estate broker says. Single-family home prices in Canmore nudged upwards in 2023 to $1.56 million — a four per cent

'Made no sense': First-Time Home Buyer Incentive scrapped — and experts say good riddance

The discontinuation of a federal loan that helped cover the down payment on the purchase of a first home in exchange for equity in the property will have little effect on Calgarians, say mortgage brokers. The Canada Mortgage and Housing Corp. announced Friday the cancellation of the

Saskatoon & Region Home Builders’ Association Applaud City of Saskatoon’s $41.3 Million Housing Accelerator Fund Approval

SASKATOON, SK (FEB 28, 2024) — The Saskatoon & Region Home Builders’ Association (SRHBA) congratulates the City of Saskatoon on their successful approval of the Housing Accelerator Fund (HAF), which is part of a $4 billion-dollar federal initiative administered through CMHC to incentivize more marke

As Calgary's housing prices climb, what does $1 million buy you in 2024?

Million-dollar homes in Calgary aren’t the symbols of luxury they used to be, a new report says — though homebuyers with that budget are still getting more bang for their buck than in other Canadian cities. It’s a show of Calgary’s decreasing but still-relative affordability compared to cities

HomeSpace Society selected for transitional housing projects near CTrain stations

The City of Calgary has selected HomeSpace Society to develop transitional housing on two city-owned properties. The Calgary-based non-profit housing developer and operator was selected after

Saskatoon & Region Home Builders’ Association Announce Top Achievements at the Housing Excellence Awards Gala

SASKATOON, SK (FEB 11, 2024) – The Saskatoon & Region Home Builders’ Association proudly announced the winners of the 32nd Annual Housing Excellence Awards at a sold-out gala event on Saturday, February 10, 2024, at Prairieland Park in Saskatoon. Celebrating the pinnacle of achievement in the housin

Average rent for two-bedroom apartment hits nearly $1,700 as Calgary's vacancy rate plummets

Calgary rents soared last year at the fastest pace in nearly two decades, while the vacancy rate hit lows not seen since 2014, according to Canada Mortgage and Housing Corp.’s (CMHC) annual rental market report. Those conditions were driven by the

Calgary home prices to rise 6.5% in a seller’s market: CREB 2024 forecast

Sellers in Calgary will likely remain in the driver’s seat for 2024 despite loosening conditions in the city’s housing market, the local real estate board says. Calgary’s real estate market is struggling to keep up with demand despite hitting new highs for housing starts, according to Calgary R

Calgary rent rose 'astronomically' over the past two years, and there's no end in sight

While Canada’s rental market cooled last year, it was a different story in Calgary where rent costs continued to climb amid record migration and a worsening housing crunch. Calgary posted some of the largest year-over-year rent increases in the national rent rankings, according to

Canmore residents seek environmental assessment for contentious Three Sisters development

Canmore residents are continuing to push back on a proposed development that could double the town’s population by requesting Alberta conduct a new environmental assessment on the plan. Lawyers representing Bow Valley Engage (BVE), a local residents’ group, sent a 15-page letter to Alberta Envi

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